Tuesday, July 29, 2008

No School [money] For You

The Massachusetts Educational Financing Authority, which last school year provided $510 million in loans, yesterday said it will not be able to provide student loans this fall for the first time in its 26-year history, leaving more than 40,000 families without an important source of tuition funds just weeks before college classes begin. The nonprofit lending authority said it has been unable to secure funding to provide private student loans due to the ongoing turmoil in the nation's credit markets.

It's too bad the MEFA - a group that has been helping the future of our state over the past 1/4 century - can't tap into the Big Dig overspending/rebates or perhaps the Boston Fire Department disability claims office.

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1 Comments:

At 1:10 AM, July 30, 2008, Anonymous Anonymous said...

Amen brother. Joey B

The current financial crisis is causing problems everywhere.

Chrysler is no longer leasing cars?!!

 

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